Diageo (HAM:GUI) Price-to-Tangible-Book: (As of Aug. 01, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HAM:GUI Diageo PLC HAM:GUI
64 GF Score
Price €19.20
GF Value €28.16
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Diageo Price-to-Tangible-Book?

As of today (2026-08-01), Diageo's share price is €19.20. Diageo's Tangible Book per Share of Dec. 2025 for the quarter that ended in Dec. 2025 was €-1.19. Hence, Diageo's Price to Tangible Book Ratio of today is .

The historical rank and industry rank for Diageo's Price-to-Tangible-Book or its related term are showing as below:

HAM:GUI's Price-to-Tangible-Book is not ranked *
in the Beverages - Alcoholic industry.
Industry Median: 1.91
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Diageo's share price is €19.20. Diageo's Book Value per Sharefor the quarter that ended in Dec. 2025 was €4.46. Hence, Diageo's P/B Ratio of today is 4.31.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Diageo Price-to-Tangible-Book Related Terms

Diageo Price-to-Tangible-Book Historical Data

* Premium members only.

The historical data trend for Diageo's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Diageo Price-to-Tangible-Book Chart

Diageo Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Price-to-Tangible-Book
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Diageo Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

HAM:GUI vs BF.B: Price-to-Tangible-Book Comparison

For the Beverages - Wineries & Distilleries subindustry, Diageo's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Diageo Price-to-Tangible-Book vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Diageo's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Diageo's Price-to-Tangible-Book falls into.


HAM:GUI
64GF Score
Diageo PLC HAM:GUI
Price-to-Tangible-Book is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Diageo Price-to-Tangible-Book Calculation

Diageo's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2025 )
=19.20/-1.188
=

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:

Price to Tangible Book=Market Cap/Tangible Equity
=Market Cap/(Total Stockholders Equity-Preferred Stock-Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Is Diageo (HAM:GUI) Overvalued in 2026?

Based on GuruFocus' analysis, Diageo stock appears to be undervalued. The current stock price of €19.20 is trading 31.8% below its estimated GF Value™ of €28.16. GuruFocus considers Diageo to be Significantly Undervalued.

Key valuation signals for HAM:GUI:

  • Price-to-Tangible-Book:
  • GF Value™: €28.16 vs. price of €19.20 (31.8% below fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the HAM:GUI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Diageo Business Description

Address 16 Great Marlborough Street, London, GBR, W1F 7HS
Formed in 1997 through the merger of Grand Metropolitan and Guinness, Diageo is the largest distiller globally by sales. Diageo acquired some of the Seagram assets in 2001, which gave it brands such as Captain Morgan rum and Crown Royal Canadian whisky. Since then, mergers and acquisitions have mostly been bolt-on in nature, plugging gaps in the company's product and geographic portfolio.
64GF Score

Get the complete analysis for HAM:GUI

Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€19.20
Price
€28.16
GF Value